well there’s essentially two types of individual bankruptcies that individuals are gonna file Chapter 7 and Chapter 13. Chapter 7 is the often referred to as a straight
bankruptcy or the liquidation bankruptcy it simply where the court will discharge your debts assume you qualify for the chapter 7 and they will try to take certain things from you certain assets from you whether it’s
money or property however in most cases the debtor does not lose any money or property that’s the quickest bankruptcy Chapter
13 is the other type of individual bankruptcy and that is simply a
repayment plan that the court sets up for the debtor an act last three to five years your type a bankruptcy people of water about its Chapter 11 really that doesn’t apply too much to individuals that’s usually for larger corporations